Welded Steel Tank Market Size - By Product Type, By Material, By Design, By Finishing, By Capacity, By Tank Shape, By End Use, By Distribution Channel, Growth Forecast, 2025 - 2034

 Welded Steel Tank Market Size

The global welded steel tank market size was estimated at USD 2.29 billion in 2024 and projection to grow with CAGR of 4% from 2025 to 2034, driven by more industries that require storage tanks that are safe and long-lasting. Since companies are under tougher regulations and need to care more about the environment, they now use tanks that are tough, last a while and resist rust.
 

New coatings and welding techniques are now being used by manufacturers to increase how long and dependably these tanks can work, including in tough conditions. Real-time tracking of liquid levels and pressure is made possible through IoT sensors which helps prevent breakdowns and cuts the time when the plant isn’t operating.
 

As people focus on keeping the environment healthy, businesses are choosing tanks that are easy to recycle and reuse. Both government policies that support storing energy renewably and saving water are helping welded steel tanks become increasingly popular.

Another reason is that the quick industrialization in many countries is raising the demand for large storage tanks for fuel, chemicals and water.
 

The spread of cities and new developments is increasing the use of tanks in treating water and putting out fires, as storing a lot of water is important in both cases. Improvements in technology such as automated welding and designed sections, save money and time throughout the process, so these tanks become more enticing for the user. Besides, producing biofuel and storing hydrogen with welded tanks is allowing these projects to use high-integrity steel. Many businesses are choosing eco-friendly products for their coatings and include energy-saving features in their planning.
 

Welded Steel Tank Market Trends

The welded steel tank industry is shifting its practices to follow eco-friendly methods that also work well. Firms are introducing new welding machines such as robots and lasers to better strengthen their tanks and cut the manufacturing cost. These days, modular tanks are preferred since they are quick to set up and can be increased in size when needed within the water treatment and renewable energy industries. More people are turning to corrosion-resistant coatings and linings which allow equipment to last longer in tough environments. Also, with IoT, managers can monitor data continuously and forecast when maintenance will be needed for smart tanks.
 

 It is becoming important that tanks satisfy strict standards in both environmental protection and public safety. Oil & gas, chemicals and food processing industries now prefer tanks that safely store materials and assist them in meeting Environmental, Social and Governance commitments. Today, it is important that heating tanks are energy-efficient, so manufacturers enhance designs to reduce the amount of energy used and improve insulation. Additionally, the use of tanks in storing hydrogen and biofuels is creating new chances for the market to grow. They demonstrate how the welded steel tank industry is changing rapidly and becoming more innovative globally.
 

Welded Steel Tank Market Analysis

Based on type, the market is divided into aboveground steel tanks, underground steel tanks and custom/modular tanks. In 2024 the aboveground steel tanks segment dominated about 53.73% market share and is expected to grow at a CAGR of 4.46% during 2025 to 2034.
 

• The aboveground steel tanks segment is gaining demand as they are easy to install and cheaper to make than tanks buried underground. Since there are only a few steps, and not much concrete is needed, these are options for businesses of all sizes. With different options in design, storage tanks are useful in many parts of oil & gas, water treatment and agricultural industries. Doing regular checks and maintenance is easier for aboveground tanks because their parts are easy to access. In addition, tanks can be fitted and moved easily, making them very useful for responding to new needs in industrial settings. Stricter safety and environmental rules mean that clear operations of aboveground tanks help with complying and checking regulations.
   
• Besides, new coating and welding techniques make aboveground steel tanks resistant to corrosion which helps them survive in conditions that are tough on metal. Today’s automated welding methods mean companies can meet and exceed tight deadlines in developing and shipping storage for reliant industries. If you use aboveground tanks, using advanced tools makes it easier to observe them and get early alerts and information to save the environment from harm. Aboveground tanks are the best option in places with high water underground because they do not face seepage and buoyancy issues like those with underground water storage. Another reason businesses prefer aboveground tanks is that they are usually less expensive to insure since they are easier to maintain and inspect, helping businesses watch their expenses and keep their facilities safe. Because of these factors, reputation for safety, reduced costs and quality make above ground steel tanks dominant in the worldwide market.

Based on Material, the welded steel tank market is segmented into carbon steel tanks, stainless steel tanks and alloy steel tanks. In 2024, the stainless-steel tanks segment held approximately 43.75% revenue share and is expected to grow at a CAGR of 4.6% during the 2025 to 2034.
 

• Stainless steel tanks do not corrode easily and withstand tough chemicals this segment makes up most of the market. Because of its strong construction, stainless steel can last a long time in tough places like water treatment plants, oil and gas facilities and chemical factories. Because plastic is smooth and hard to scratch, it reduces chances for bacteria to grow and is thus popular among businesses concerned about hygiene such as manufacturers of food and medicines. Besides, makers find stainless steel tanks simple to clean which cut down on how much time the system is shut off. As a result of their strong durability, the operating costs are reduced for the whole period when a tank is used by a business, making it a cost-effective investment.
   
• Stainless steel lets engineers use thinner components, so the tanks become lighter even while retaining their robust structure. There have been great advances in welding and modular construction that make these tanks more efficient and customizable. As environmental rules get stricter, stainless steel also shines since it can be fully recycled when it's no longer needed. Industries appreciate stainless steel tanks not just for how well they perform, but also for their good looks and hygiene standards. All these benefits make stainless steel a top pick for tanks worldwide.
   

Based on end user, the welded steel tank market is segmented as oil & gas industry, chemical industry, water and wastewater treatment, food & beverage industry, pharmaceutical industry, power generation, pulp & paper, construction, agriculture and others. In 2024, the water and wastewater treatment segment generated a revenue of USD 707.4 million and is expected to grow at a CAGR of 5% till 2034.
 

• Among all segments, water and wastewater treatment uses most of the welded steel tanks due to its vital purpose in safeguarding health and saving the environment. When populations living in cities increase and industries expand, it is crucial to deal with more potable water and wastewater. Having robust designs and being corrosion-resistant, welded steel tanks are suitable for use in treatment plants to keep treated water and chemicals used for purification. They can work in wastewater settings since they are protected from erosion by corrosive gases and chemicals. All around the world, organizations such as the EPA, EU and national agencies have made it compulsory to store treated water and effluent properly which boosts the use of steel tanks.
   
• Furthermore, it is possible to customize welded steel tanks to suit any treatment plant design or capacity which makes them useful for any facility, no matter its size. As there is greater stress on water saving and using what we have in places that lack water, there is now a large need for solutions that preserve water quality. Steel tanks that are welded together fit well with modern water treatment methods and can be used with sophisticated monitoring tools that show their performance in real time. Governments such as India are now putting a lot of money into wastewater treatment plants through initiatives such as Namami Gange and others globally.
   

Based on distribution channel, the market is segmented as direct and indirect. The direct channel segment is expected to hold a major share of 79.35% in 2024.
 

• In the global welded steel tank market, the direct channel has the largest share since it helps manufacturers keep track of the product, adjust it to customers’ needs and offer reliable after-sales service. Since welded steel tank projects are highly complex and large, people who purchase them usually want to talk to the manufacturer about the details of the design, the type of steel used and meeting standards. Thanks to direct channels, it is easy to talk and decide on improvements, so that tanks are created to match the needs of businesses involved in oil & gas, water treatment and chemicals. Direct communication helps most with handling significant or difficult orders since the usual pre-made products are not enough.
   
• Additionally, direct sales help form lasting connections and trust between manufacturers and their customers, which matters a lot for ongoing maintenance to tank projects. Doing business with a supplier eliminates the need to go through intermediaries and this is valued by industrial customers. Following this strategy allows manufacturers to deal with complex regulations and tenders which usually insist on using certified vendors for big public or private projects. Besides, users gain the benefits of live inspections, technical advice and instruction which are not always available through third-party sources. For this reason, direct sales are the top preference in the welded steel tank industry due to their trustworthiness, quality assurance and ability to provide required solutions.

In 2024, United States is dominating the North America welded steel tank market by 86.85% revenue share and generated USD 604.5 million revenue.
 

• North America is leading market due to an entrenched business environment and solid investment in areas such as water treatment, oil & gas, and food processing. As the region’s rules are strict about safety and the environment, major agencies including the U.S. Environmental Protection Agency (EPA) influence the demand for top-quality welded steel tanks. With the need to store chemicals, water, and industrial waste in a variety of facilities, welded steel tanks are strengthened and built for meeting today’s strict regulations. Besides, updating the region’s old infrastructure is possible using steel tanks that are made to be corrosion-free and suitable for a variety of projects.
   
• European tank providers rely on developed supply chains that include important tank manufacturers and related services. A good number of these manufacturers use technologies like robotics and build modules so that production happens quickly and with little delay. The region’s use of advanced technologies such as IoT tank monitors and preventive upkeep helps it take the lead in today’s tank solutions. With financial help and government rewards, as well as better economic conditions, Canada keeps making investments in water management and industrial plants. Such factors make North America the major force in the world’s welded steel tank industry.
   

In Asia – pacific (APAC) region China is leading the market growth with the CAGR of 4.9% from 2025 to 2034.
 

• China is leading the global welded steel tank market due to its quick industrial growth, thriving towns and cities, and major infrastructure projects. Since construction is thriving in the country and major money is being put into water and wastewater projects, people are increasingly choosing durable and rust-proof steel tanks. The country’s environmental rules, as well as the Beautiful China initiative, require firms to invest more in water recycling and wastewater managing technology. This area of legislation motivates users to protect themselves by choosing top welded steel tanks for aggressive chemicals. Also, the government’s investment in upgrading outdated facilities makes sure that new tanks are needed on a regular basis. All these benefits help China maintain its lead in the markets at the regional and global levels.
   
• Being a major producer, China enables domestic and export producers to offer more items and services at a good price and with prompt delivery. Having many tank factories in Jiangsu and Shandong, China gets aid from a structured supply chain which ensures they make their tanks affordably. Thanks to new welding, coating, and protection techniques, steel tanks become more effective and live longer, thus appealing to businesses in the oil & gas, chemical, and food processing sectors. Furthermore, embracing green technology and ZLD ideas goes with the trend of building sustainable infrastructure. Because of this, China’s presence in the industry due to its manufacturing, government rules, and technology makes it a key player worldwide.
   

In Germany, Europe is growing rapidly in the welded steel tank market with CAGR 4.9% through 2034, driven by well-developed industries and a strong emphasis on sustainability. Due to the country’s strong manufacturing industry, welded steel tanks for water, chemical, and industrial liquid storage are reliable and of great quality. In line with EU’s requirements, industries are required to use tough and corrosion-resistant tanks that comply with high standards of safety and quality. Germany’s strong engineering and precision make it good at developing ready-made tanks for different customers. This means tanks include special coatings and enhanced technology for easy supervision and quick maintenance. As a result, Germany is at the forefront of the market for both inside the country and abroad.
 

• Germany’s efforts to encourage green technologies and using everything make it rely on dependable liquid storage solutions all the time. The industries of chemicals, automotive, and pharmaceuticals make frequent use of welded steel tanks for their water, discharge, and raw material storage. Because the government is sponsoring ZLD systems and recycling facilities, the demand for strong welded steel tanks has gone up in the industry. Thanks to Germany’s detailed supplier network and significant investments in research, there are quick improvements in creating and building tanks. Because of these elements and excellent precision engineering, Germany is the world’s top producer of welded steel tanks.
   

In Saudi Arabia, Middle East Africa (MEA) is growing rapidly in the welded steel tank market with CAGR 2.2% in till 2034, due to huge investments in water infrastructure, oil & gas, and industry, Being one of the main desalination countries, the UAE always depends on solid water storage for both drinking water and industries. For its Vision 2030 project, the government seeks to advance infrastructure and utilize industrial diversity by revamping storage facilities for chemicals and petrochemicals. Many refineries and petrochemical plants use welded steel tanks for holding hydrocarbons, chemicals, and water that is processed in these plants. In these deserts, where the weather is dry and very hot, tanks should resist corrosion and high temperatures well, so welded steel is the best option. Together with the high amount of project investments, these factors show Saudi Arabia has a leading role in the industry.
 

• At the same time, Saudi Arabia gives priority to developing industry and local manufacturing, which helps the welded steel tank field increase steadily. Creating new economic zones and cities increases the need for trustworthy storage facilities. As the leader in oil & gas extraction and processing, Canada must keep investing in durable tanks so that they meet safety and rules. Water reuse and wastewater treatment programs on a national level are promoting more use of steel tanks in municipal and industrial areas. Thanks to local factories producing more welded steel tanks, Saudi Arabia maintains its role as a main hub for such tanks in the Middle East. Thanks to these trends, Saudi Arabia is keeping its leading position in the market all around the world.
   

Welded Steel Tank Market Share

• CST industries, Superior Tank CO., Lipp GmbH, Pittsburg Tank & Tower Group and United Industries Group are the major players accounting to market share. Since lots of companies create similar storage methods, the tension is high in this sector. Since this market serves many branches, suppliers here tend to focus on things like processing drinking water, municipal wastewater treatment, activities in the oil and gas sector, water used in farming and storing water for firefighters.
   
• Technological growth has caused buyers to consider features like being rust-proof, easy to build in parts, easy to set up, and protecting the environment very thoroughly. Those firms that have sustainability standards, apply strong coatings, and use smart monitoring technology enjoy a better position in the market. Those who include research and development in their efforts are more prepared to lead the market due to their new ideas in leak detection and digital management.
   

Welded Steel Tank Market Companies

Major players operating in the welded steel tank industry:

• BH Tank
• Bulldog Steel Products
• Caldwell Tanks
• CST Industries
• Highland Tank & Manufacturing Company
• Lipp GmbH
• McDermott (formerly CB&I)
• PermianLide
• Pittsburg Tank & Tower Group
• Skinner Tank Company
• Superior Tank Co.
• Tank Connection
• Tech?Fab
• TF Warren Group (Tarsco)
• United Industries Group (UIG Tanks & Domes)
   

These are some of the top companies dominating the welded steel tank industry providing a wide range of storage solutions to meet the needs of industries. CST Industries, Superior Tank Co., Lipp GmbH, Pittsburg Tank & Tower Group, and United Industries Group are the leading companies in the welded steel tank market. They are proud of their items for being strong, corrosion-resistant, and adaptable in various industrial and municipal situations. Professionals in this area bring a lot of value to water and wastewater work, chemical industries, oil and gas storage, and agriculture. All companies in this industry invest in improving their products to last for a long time, while also creating safe and sustainable solutions.
 

The welded steel tank market is being redefined by these three companies that provide modular systems which can be easily installed at reasonable costs. Because there is a need to protect water and manage industrial liquids properly, industries are using advanced tanks that help them follow strict environmental and operational conditions. Because infrastructure investment is on the rise, companies are now more interested in modernizing their facilities with the help of new technology in tanks and their monitoring. Both Pittsburg Tank & Tower Group and United Industries Group are using corrosion-free coatings, monitoring services, and computerized tools to maintain their operations and guarantee compliance with the law. Because more businesses are becoming sustainable, these companies design systems for facilities that can be smoothly integrated and lead to long-term cost efficiency and following environmental practices.
 

Welded Steel Tank Industry News

• In January 2025, Afco Steel made a big step by introducing IoT-based smart welded steel tanks. Thanks to these sensors that show up-to-date levels, temperatures, and pressures, problems can be caught early and the tanks run more efficiently. The company also promoted the use of sustainable materials and modular techniques to back sustainability causes.
   
• In February 2025, Along with the center’s other achievements in 2025, Center Enamel finished a colossal biogas-storage tank system in Malaysia, which measured 23?m × 12?m. Because it is airtight and immune to corrosion, this tank is great for anaerobic digestion, which underlines the importance of welded steel in clean energy solutions.
   
•  In February 2024, CST Industries widened its global footprint by acquiring Ostsee Tank Solutions in early 2024. This move boosts CST’s capacity in aluminum dome covers and strengthens its engineering capabilities, enabling shorter lead times and access to German-quality manufacturing
   

The welded steel tank market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) and Volume in Thousand Units from 2021 to 2034, for the following segments.

Market, By Type

• Aboveground steel tanks
• Underground steel tanks
• Custom/modular tanks

Market, By Material

• Carbon steel tanks
• Stainless steel tanks 
• 304 stainless steel
• 316 stainless steel 
• Alloy steel tanks

Market, By Design

• Open tank
• Closed tank

Market, By Finishing

• Coated or lined steel tanks
• Uncoated steel tanks

Market, By Capacity

• 0-10,000 gallons
• 10,000-20,000 gallons
• 20,000-40,000 gallons
• 40,000-50,000 gallons
• Above 50,000 gallons

Market, By Tank Shape

• Rectangular
• Cylindrical

Market, By End Use

• Oil & gas industry
• Chemical industry
• Water and wastewater treatment
• Food & beverage industry
• Pharmaceutical industry
• Power generation
• Pulp & Paper
• Construction
• Agriculture
• Others (Mining, Marine, etc.)

Market, By Distribution Channel

• Direct
• Indirect

The above information is provided for the following regions:

• North America  
  • U.S.
  • Canada 
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia 
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa